China National Foreign Trade Transportation Corporation stated that due to the effective improvement of the entire supply chain operation capabilities, its revenue scale has increased significantly and its profitability has increased significantly.
On August 25, China National Foreign Trade Transportation Corporation Limited (Sinotrans) held an interim performance briefing and investor meeting.
In the first half of 2021, China National Foreign Trade Transportation Corporation achieved operating income of 61.677 billion yuan, a year-on-year increase of 55%, and achieved a net profit attributable to shareholders of listed companies of 2.163 billion yuan, a year-on-year increase of 78%.
China National Foreign Trade Transportation Corporation said that during the reporting period, facing a highly uncertain external environment, the company effectively improved its full-process supply chain operation capabilities, showing a good trend of "high quality + high growth", with a substantial increase in revenue scale and a significant improvement in profitability.
It is worth noting that China International Freight’s e-commerce business and cross-border e-commerce logistics business have shown significant growth.
In the first half of 2021, the e-commerce business segment had operating revenue of 7.679 billion yuan, compared with 2.623 billion yuan in the same period last year, a significant year-on-year increase of 192.75%; the profit was 100 million yuan, compared with 59 million yuan in the same period last year, a year-on-year increase of 68.3%.
During the same period, cross-border e-commerce logistics revenue was 7.547 billion yuan, compared with 2.603 billion yuan in the same period last year, a year-on-year increase of 189.88%; profit was 87 million yuan, compared with 41 million yuan in the same period last year, a year-on-year increase of 104.36%. In terms of business volume, 244 million shipments totaling 87,000 tons were completed, with year-on-year growth of more than 160%.
One chart to understand Sinotrans' 2021 interim results
English 
Chinese